Heineken takes step closer to buying Tiger Beer maker

The Dutch brewer says it has bought a further 2.7% in Asia Pacific Breweries through open-market transactions.

Heineken takes step closer to buying Tiger Beer maker

Heineken is creeping towards its goal of buying Singapore’s Asia Pacific Breweries, the maker of Tiger Beer, as it wrestles for control of the iconic brew with the billionaire owner of Thai Beverage.

The Dutch brewer owns half of Asia Pacific Breweries through a joint venture with Fraser and Neave, and is offering to buy out its partner through a S$53-a-share offer for its direct and indirect 39.7% stake in Asia Pacific Breweries, which the...

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